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Cesarnc's market talk, gossips, rumours & fun

  • #18,261
  • Nov 12, 2009 8:27am Nov 12, 2009 8:27am
Quoting chonchy
I'm kind of lost here, but what ealse is new, now I'm long for example
Please tell me when you go long. Seriously, I know the feeling. Just had about 5 dibs trades wiped out. When they went into profit I thought I was having a good day. Very small lots, though.

Well done with the whale, Cesar, by the way.
Gone to a better place
  • #18,262
  • Nov 12, 2009 11:33am Nov 12, 2009 11:33am
Quoting chonchy
BWR when you say scale in, what do you mean by? thanks in advance, do you enter a position and if the market move against you, you enter more positions to average bether entrie, please explain this newby, thanks


NO,NO,NO, NO! Never add to losers. I scale into a trend, so after my first trade is in profit I wait for a retrace and once it finds support I add another position and so on and so on. Earlier I said I had 20% risk which is misleading since most of my positions are locked into profit therefor they are no longer considered as risk. I meant to say I had 20% margin. Scaling in is how you multiply your winning positions, and if the trend reverses you can scale out by closing out your newest trades and letting your older trades with the most pips ride. But I think that is now illegal in the U.S as Obama made a law so you have to close your first trades first.......Change
Just Trade It
  • #18,263
  • Nov 12, 2009 11:34am Nov 12, 2009 11:34am
Quoting cesarnc
Going out to buy fabrics... Back later...


Find any cool max polyester?
Just Trade It
  • #18,264
  • Nov 12, 2009 4:48pm Nov 12, 2009 4:48pm
Quoting Big Wave Rider
Find any cool max polyester?
Nope! LOL...

Been a crazy day, 35ºC, traffic jams, fabric purchasing, post office line and finally: supermarket...

When it came down to drink a beer and check the markets, <COUGH><COUGH>WTF??!?!<COUGH><BURP><COUGH>WHATTA? WHATTA? WHATTA?<COUGH><SPILL><SPILL>

Bovespa nosediving 3% just like that, my stocks down 4% and 3% for no reason at all..

I swear to God, I had to check the calendar to make it sure it wasn't a Monday

Whatever... tomorra is another day... and a Friday
  • #18,265
  • Nov 12, 2009 6:57pm Nov 12, 2009 6:57pm
Quoting Big Wave Rider
NO,NO,NO, NO! Never add to losers. I scale into a trend, so after my first trade is in profit I wait for a retrace and once it finds support I add another position and so on and so on. Earlier I said I had 20% risk which is misleading since most of my positions are locked into profit therefor they are no longer considered as risk. I meant to say I had 20% margin. Scaling in is how you multiply your winning positions, and if the trend reverses you can scale out by closing out your newest trades and letting your older trades with the most pips...
thankyou very much for your detail explanation BRW it means a lot to me, since i was trying a strategy lately that involves buying several lots if the position go against me but I'm sure of the entrie, but if I entrie early, I buy several lots to average a good entrie, for example if I know price is going up but i enter at 4900 and price move to 4850 if I buy the same amount of lots that I had then the entrie will be 4875 not 4900 anymore and so on, this is on MBtrading, and I start with small lot to built the %marging that I'm alow based on the acc Margin, but if you say this is wrong then I'll change it, thanks BRW I apriciated
The Chonchy
  • #18,266
  • Nov 12, 2009 7:06pm Nov 12, 2009 7:06pm
Quoting smikester
Please tell me when you go long. Seriously, I know the feeling. Just had about 5 dibs trades wiped out. When they went into profit I thought I was having a good day. Very small lots, though.

Well done with the whale, Cesar, by the way.
I'm long smikester but I added at the bothom there so I should be ok soon, is just that I saw the turn at 4900 and it didn't happen but I added at 4839 and it brought my entrie to the center betwing 4900 and 4839 so now I'm at 4870, I have being almost in profit already but I'm waiting for the PP 4894 to get out
The Chonchy
  • #18,267
  • Nov 12, 2009 7:13pm Nov 12, 2009 7:13pm
Cesar tommorrow is friday the 13 and my 25th aniversary, wow what a woman to keep up with Carlos for such a long time I'm sorry for her, I have to take her to eat out, I'll fill the gas tank and make her barbecue, that is out isn't it?
The Chonchy
  • #18,268
  • Nov 12, 2009 7:17pm Nov 12, 2009 7:17pm
http://people.howstuffworks.com/friday-thirteenth.htm

and I got married on a friday the 13 how unlucky is that , well i being happylly maried to a wonderfull woman, I have tree wonderfull kids and I have cesarnc's tread, BRW, smikester, turtle, ash, sicho, and many others as friends, what ealse do I want ah?
The Chonchy
  • #18,269
  • Nov 12, 2009 8:17pm Nov 12, 2009 8:17pm
Bill Gates and Warren Buffett on CNBC live now
The Chonchy
  • #18,270
  • Nov 13, 2009 1:09am Nov 13, 2009 1:09am
Quoting chonchy
I'm long smikester but I added at the bothom there so I should be ok soon, is just that I saw the turn at 4900 and it didn't happen but I added at 4839 and it brought my entrie to the center betwing 4900 and 4839 so now I'm at 4870, I have being almost in profit already but I'm waiting for the PP 4894 to get out
I think a few people have been trading towards the gap and it turned at 4850 less 30 pips on my feed. Almost like drawing money out of the bank. Be careful, though, Chonchy. I think the floor is a bit dodgy after 3rd November.

Rumours that USA may raise rates a little? Huh? What djya think?
Gone to a better place
  • #18,271
  • Nov 13, 2009 1:21am Nov 13, 2009 1:21am
Quoting smikester
I think a few people have been trading towards the gap and it turned at 4850 less 30 pips on my feed. Almost like drawing money out of the bank. Be careful, though, Chonchy. I think the floor is a bit dodgy after 3rd November.

Rumours that USA may raise rates a little? Huh? What djya think?
don't know smikester about the rates, I'm lock in profits here so I'm going to wait for the PP hit and I'm out for the week, no more trades for me since is my aniversary and I'm going to eat out, yes out in the yard with the barbecue
The Chonchy
  • #18,272
  • Edited 1:56pm Nov 13, 2009 2:35am | Edited 1:56pm
I'm long smikester but I added at the bothom there so I should be ok soon, is just that I saw the turn at 4900 and it didn't happen but I added at 4839 and it brought my entrie to the center betwing 4900 and 4839 so now I'm at 4870, I have being almost in profit already but I'm waiting for the PP 4894 to get out
============================
and bingo target hit at PP 4894, out of here, have a nice weekend everybody
The Chonchy
  • #18,273
  • Nov 13, 2009 2:55am Nov 13, 2009 2:55am
Friday the 13th, moon phase is 13% full

Just Trade It
  • #18,274
  • Nov 13, 2009 3:03am Nov 13, 2009 3:03am
Quoting chonchy
thankyou very much for your detail explanation BRW it means a lot to me, since i was trying a strategy lately that involves buying several lots if the position go against me but I'm sure of the entrie, but if I entrie early,...

And what if the price keeps going down? Then you have multiple lots and a huge loss destroying a large share of your equity% NEVER, EVER add to a losing position. Thats the fastest way to lose money.
Just Trade It
  • #18,275
  • Nov 13, 2009 4:08am Nov 13, 2009 4:08am
Happy Friday, the 13th!!!

http://www.satanspace.com/m_pictures...jason-mask.jpg
  • #18,276
  • Nov 13, 2009 5:03am Nov 13, 2009 5:03am
BA, Iberia Deal Like Two Staggering Drunks: Ryanair CEO
Published: Friday, 13 Nov 2009 | 4:56 AM ET

By: Robin Knight
CNBC Assistant Web Producer

The proposed merger between British Airways and Iberia would be bad for consumers as the flag-carrying airlines would raise ticket prices on their competing routes, Michael O'Leary, CEO of discount Irish carrier Ryanair, told CNBC Friday.
"I would characterize it as two drunks holding each other up on the way home," O'Leary said. "All you get when you put two high-fare, loss-making airlines together is even higher fares and even bigger losses."



Heres to holding each other up on the way home. Cheers
Just Trade It
  • #18,277
  • Nov 13, 2009 7:59am Nov 13, 2009 7:59am
Quoting Big Wave Rider
BA, Iberia Deal Like Two Staggering Drunks: Ryanair CEO
Published:...
2 Bubbas carrying themselves through the jungle?
  • #18,278
  • Nov 13, 2009 12:57pm Nov 13, 2009 12:57pm
Quoting Big Wave Rider
BA, Iberia Deal Like Two Staggering Drunks: Ryanair CEO
Published: Friday, 13 Nov 2009 | 4:56 AM ET

By: Robin Knight
CNBC Assistant Web Producer

The proposed merger between British Airways and Iberia would be bad for consumers as the flag-carrying airlines would raise ticket prices on their competing routes, Michael O'Leary, CEO of discount Irish carrier Ryanair, told CNBC Friday.
"I would characterize it as two drunks holding...
I drink to that, why I'm I always looking for a reason to drink, S%$# F%$#

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The Chonchy
  • #18,279
  • Edited 1:51pm Nov 13, 2009 1:00pm | Edited 1:51pm
Quoting cesarnc
2 Bubbas carrying themselves through the jungle?

A bunch of guys are sitting at the local bar. They get pretty drunk, and the topic turns to Bubba at the end of the bar who, as everyone knows, has the biggest d%$K in town. One of the guys gets enough courage to go up to Bubba and ask him why he's got the biggest schlong around.
“Well,” says Bubba, “every night before bed, I tug on my d%$k and tap it on the bedpost three times.”
“That's it?” asks the drunk.
“Yup,” says Bubba.
So the guy goes home and quietly slips into his bedroom, pulls out his thing, tugs, and taps it on the bedpost three times. Suddenly his wife wakes up and says, “Bubba, is that you?”
The Chonchy
  • #18,280
  • Nov 13, 2009 1:09pm Nov 13, 2009 1:09pm
je, je I like this sexy octopus

This guy walks into a bar near a concert hall with an octopus under his arm and says, "I'll bet any of you that my octopus can play any instrument that you give him."

Two guys bet fifty dollars each that the octopus can't play their instruments.
The first guy hands over his French horn and the octopus starts to play it.
The second guy hands over his tuba and sure enough the octopus starts to play it.
The bartender then walks into the back room and comes back five minutes later with a set of bagpipes and bets all the money in the drawer that the octopus wouldn't be able to play it. He hands over the bagpipes to the octopus and waits.
After about a minute of watching the octopus run its tentacles over the bagpipe the owner of the octopus says, "Come on now! Play it!" The octopus replies, "What do you mean play it?! If I can figure out how to get the plaid pajamas off of it, I'm gonna screw it!"
The Chonchy
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